Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
In one month the share price has reduced from 15.5p to just above 10p. A reduction of around 35%. I know it's been on a downward trend for a while, but this month has been markedly different.
They have led us to believe production has increased by 10% since the 25th Sep, that indico is on track and the pumping station is commissioned. I think a statement from the business is the least they can do.
I have twice emailed them for an updated register, but received no response, which means I can only assume there is something in it they do not wish to disclose, especially if they emailed you back immediately.
ML. could you ask him of they are prepared to put out a statement saying they are not aware of any reasons as to the cause of today's share price movement? If they think it madness they should at least try to calm investors nerves.
If you don't get a response, then I would presume they are.
Let's hope he can expediate cpo5.
https://www.ongcindia.com/wps/wcm/connect/en/media/press-release/navin-chandra-pandey-takes-charge-director-tfs-ongc
I agree now is the time to buy. If things don't turn round soon, I intend to buy once every month to dollar cost average. The market can only stay irrational for so long. Either amer will collapse (which I doubt) or we will make money
Stockable. Fair enough you have to do what you think is right.
You have said before of your desire for a dividend. Dividends only really drive the share price up if investors are convinced they will be regular and increase year on year. The best I could see them doing is a special divi. Any downturn in oil price would stop them so my view is they would be pointless
You should go ig and get direct market access rather than quotes via broker.
Amazed that the share price has reached these levels, but just goes to show the power of a big seller. I would have thought the strength of the balance sheet would have been a greater defence of the share price.
Cash plus receivables at half year $60m
July to Oct production of circa 580k barrels @ $50 net back is another $29m.
Inventory at cost of $4m must be 200k barrels, so could be turned to circa $14m cash.
Operating costs will be more than paid for by the additional 500bopd.
Cash at hand today plus the realisable value of the inventory is circa $100m. Market cap circa $160m
Amer isn’t going to run out of cash so the month to month cash flow isn’t a concern to me. Investing it in projects with strong payback is the key.
President should be a good investment in the future, but with the Argentinian economy currently in turmoil and interest rates of 60% its one to keep an eye on for now
Not at all. If you drill a duster you get no return. The return on the pumping station is a matter of fact. They pass ownership over and have a guaranteed return for stumping up the cash. They will no doubt also get tax allowances. Either way you look at it it’s a very good use of cash
Essentially it’s free. They get all the Capex back from a 100% reduction in the tariff. It’s a great deal and use of cash, but will take a little time to recover
Depends what they intend to do with the t & u sands, which should be announced in next 2 weeks.
Total Capex for cpo (3 wells and civils) is just $6m!
At half year trade receivables increased by $12m, so the underlying cash position increased by more than $20m. Thats the downside of having an agreement with Shell, they can demand longer payment terms.
Was the 20m they spent on the oba spent wisely? Yes, paid back in 15 months.
Was the 16m on new acreage spent wisely? Yes, generated 16m cash via tax relief and 888m resources.
They have the right to buy back 10% of shares which would now cost 2-3 months fcf. No brainer given it's just sitting idle.
At these low prices it must be the overall market sell off holding it down now. S&P500 took a beating at the end of today, so will be interesting to see how Asian markets trade overnight. If no indico rns in the morning going to try and pick some up if the mms play games.
Capex for the next 12 months is $61m less any spent to date. They pretty much already have that money sitting in the bank account.
I would love to see a share buy back announced with the surplus cash. At this oil price they must be generating $5m free cash flow per month. Combine that with the current fx rate and they could buy back up to 3% per month.
Workover. Are you seriously asking people how to calc a pe ratio?
It's situated next to a prolific basin, about 3 miles from mariposa and updip. The bod time planning is poor but geology and drilling success is strong. Fingers crossed. Should know by xmas, good or bad.
The best time to invest in a company with good fundamentals is when sentiment is low. But you will need to decide for yourself how much you rate the fundamentals. A quick look at the interim RNS should help you decide